620-361 Operations Res. Techniques & Algorithms

Credit Points

HECS Band

Coordinator

Prerequisites

620-261. Also recommended is one of 620-231, 620-262.

Semester

Contact

Subject Description

This subject introduces a number of basic techniques of operations research, selecting topics from nonlinear and parametric optimisation, decision-tree, network and inventory models. It develops the formulation of operations research models and algorithms with application in production planning, scheduling, inventory management and capital budgeting. Students should develop skills in setting up and analysing operations research models for a number of planning problems; and competence in the use of computer packages for the solution of operations research problems. This subject demonstrates the factors and restrictions involved in building and using models for planning and management problems.

Selected topics from: operations research models; formulation of planning and management problems, including linear programming models, scheduling models, inventory management, and capital budgeting; linear and nonlinear techniques, decision tree models, parametric optimisation, simulation. Use of computer packages and Internet resources. Case studies and projects.

Assessment

Up to 24 pages of written assignments, a group project and a 3-hour end-of-semester written examination.